Algarve, Tavira (Santa Maria e Santiago), Portugal

In the heart of Tavira’s historic centre, you will find this single-storey house with a reconstruction project approved by Tavira Town Council, an excellent opportunity for those looking to invest in one of the most authentic and sought-after areas of the Algarve.

Located within an ARU area (Urban Rehabilitation Area), this property may benefit from relevant tax advantages associated with urban rehabilitation, namely reduced VAT at 6% on the works, exemption from IMT on the purchase, and exemption from IMI after rehabilitation, subject to confirmation and the applicable legal framework.

The approved project provides for a single-storey one-bedroom home, with a gross construction area of 70.66 sqm, set on a plot of 88.50 sqm. The house will comprise an open-plan living room and kitchen, bedroom, bathroom and circulation area, offering a practical, comfortable and functional layout.


General summary of the areas approved in the project:
Plot area: 88.50 m²
Waterproofing area: 82.13 m²
Footprint area: 70.66 m²
Gross construction area: 70.66 m²
Useful area: 49.36 m²
Habitable area: 42.36 m²
Uncovered area: 17.84 m²
Number of floors: 1 floor
Typology: T1 (one-bedroom)
Use: Residential
Areas of the interior divisions approved in the project:
Living Room/ Kitchen: 28.71 m²
Bedroom: 13.78 m²
Bathroom: 4.64 m²
Circulation area: 2 m²
Patio: 14 m²

One of the standout features is the exterior yard, an increasingly rare characteristic in Tavira's historic centre. This space allows for the creation of a pleasant outdoor dining area, leisure zone or small private garden, adding value and quality of life to the property.

Location is one of this property's strongest points. Situated in the historic centre of Tavira, it allows you to live just a few steps from shops, restaurants, services, pedestrian areas and the ferry pier giving access to Tavira's islands and beaches. Within about a 5-minute walk, you can reach the boat that provides access to some of the most beautiful beaches in the Algarve.

Due to its location, approved project, potential for appreciation and the benefits associated with urban rehabilitation, this house represents a rare opportunity for a main residence, holiday home, buy-to-let investment or resale upon completion of the works.

Disclaimer:

1) What is for sale is the house in its current, existing condition! This is not a new or rebuilt house! The property needs to be rebuilt and refurbished in order to have habitable conditions
2) Energy performance certificate: F
3) Habitation Permit: No certificate of occupancy, as the building was constructed on a date that cannot be precisely determined, prior to 7 August 1951, when the RJEU came into force